Retail Source India, Northern India’s biggest garment fair ended on a successful note at Pragati Maidan. Textile Minister Santosh Kumar Gangwar graced the occasion and concluded the show with award ceremony. After the lamp lighting ceremony along with members of AEMA (Apparel Exporters & Manufacturers Association) the organisers of the show Gangwar felicitated participants for their unique displays and collection of garments.
While interacting with the media he said, “Our domestic garment sector is a growing segment and has a huge potential. The fair Retail Source India is a very good platform and will create new opportunities for employment. I am glad to see that a lot of domestic market players have come to this exhibition and I am sure that the fair will create new opportunities.” Gangwar also spoke that the government would give its full support to the domestic segment and the players are free to discuss their problems anytime.
“Narendra Modi has also extended his support to the domestic segment and is very upbeat about the growth of domestic industry of India. He feels that the domestic sector can help in growth and development of Indian economy and also boost employment,” he added.
Gangwar also appreciated the efforts taken by AEMA in creating a platform for the domestic industry. He shared that our textile and apparel industry is worth 50 billion dollars and it can prosper even more in the coming times. The textile and apparel industry is an important sector as it can boost employment opportunities in India.
The fair was being held from July 19-21. The show which was organised by AEMA brought the entire gamut of garment manufacturers, retailers, brands, online retailers, wholesalers, distributors and agents under one roof. “The aim of of the fair was to organise the retail segment and utilise the growing potential of Indian domestic market,” said lalit Thukral, chairman of Retail Source India.
“Retail Source India is a giant step that would bridge the gap between manufacturers and retailers and will take this industry to new heights of development and growth,” Thukral said. He further added, “Due to the absence of industry status, organised retail in India faces difficulties in procurement of organised financing and fiscal incentives. We will appeal to the government to grant the much needed industry status to the sector to promote both big and small retailers.”
The retail industry of India is attaining new benchmarks everyday, however, the business is still done in a traditional manner. Retail Source India will not only open a new door of opportunities for everybody in retail segment, but will also standardise systems and way of working in the retail segment. Retail Source India is a must for those who want to tap the domestic market and look for latest trends. The show was being conducted in an exclusive pavilion measuring 2,400 square meter which showcases price competitive garments like men’s shirts, trousers, denims, jackets, ladies tops, kids wear, kurtis, jeggings, leggings, bridal wear, saris, sherwanis, accessories, fabrics and many more. Manufacturers from Delhi, NCR, UP, Haryana, Mumbai, Kolkata, ludhiana and many more places also displayed their latest range of garments for the domestic market. The show also saw numerous events like fashion shows where latest trends in different product categories were showcased on the ramp.
Retail Source India on its first day itself witnessed visits from all top brands and retailers like Shoppers Stop, Pantaloon, Wills lifestyle, Ritu Wear, Bharti Retail, Bindals, Reliance Trends and many more. The show saw visitation of more than 8000 visitors from all over India. Also, e-commerce companies like Jabong, Flipkart, Myntra, Snapdeal, Zovi, Amazon and many more visited the show along with their sourcing teams. Distributors and agents from all over India were also seen at the show.
Roadshows were conducted in cities like Delhi, Meerut, Aligarh, Jaipur, ludhiana, Chandigarh, Amritsar, Varanasi, Surat, Ahmedabad, Indore, Mau, Jodhpur, Bhopal, Gorakhpur, lucknow, Bareilly and many more places to ensure high number of visitors at the fair. Organised retail is a new phenomenon in India and despite the downturns, the market is growing exponentially, it is expected that by 2015, more than 300 million shoppers are likely to patronise organised retail chains.
The growing middle class is an important factor contributing to the growth of retail in India. By 2030, it is estimated that 91 million households will be middle class, up from 21 million at present.
The retail industry of India is attaining new benchmarks everyday, however, the business is still done in a traditional manner. Retail Source India will not only open a new door of opportunities for everybody in retail segment, but will also standardise systems and the way of working in the retail segment. Retail Source India is a must for those who want to tap the domestic market and look for the latest trends.
The show will give an excellent platform for networking and establishing contacts with India’s top domestic garment manufacturers and retailers.